US agricultural markets rise sharply as China-US trade talks progress

Mumbai, Ta. October 12, 2019, Saturday

There was new demand in the Mumbai oil-seeds market today. World market news, however, was booming. The trade meeting, which began between the United States and China, reported for the first time the various issues between the two countries, and was followed by news that the US agricultural markets were booming. According to the President of the United States, there were directives that China would increase imports of various agricultural products from the United States.

New York Cotton futures were up overnight, 3 and 5 points higher, while in the US Chicago market overnight news, futures were up 3-5 points, while soybean futures jumped 3, 3 and 5 points. The soybean futures remained at 1, 2 and 3 points plus. Meanwhile, the dialogue between the United States and China has progressed in the right direction, and the agreement that will be followed by this dialogue will take 3-5 weeks.

Given this, China and the US presidents are scheduled to meet in Chile in November when world market forecasters were showing the possibility of signing such a deal. In response to China's good response, informants were now showing the possibility that the tariffs imposed on Chinese goods by the United States would backfire.

Meanwhile, the present price in the Mumbai market was Rs 5 per kg of hawala resale and Rs 6 for JNPT. New trades were slow. The price of crude palm oil CPO Kandla was Rs. In the Mumbai market today, the price of 5kg was Rs 5 for Singtel, while the Rajkot side was priced at Rs 3 to Rs 5 and Rs 5 for the 2 kg while the cost of cotton washed was Rs.

In the Mumbai market, soybean prices were at Rs 5 for digam while Rs 5 for refrigerator while sunflower prices were at Rs 5 and refinery at Rs 5. Mustard prices were at Rs 5 and Cottonseed oil at Rs. The price of copper was Rs 5 and Rice Bran was Rs 5 while the price of Rida oil was Rs 5 and Riffa Rs 5. Diwali prices went up by Rs 5 while the current price of Mumbai castor was Rs.

In the Mumbai khol market today, the price of Singkhole was Rs 5 per tonne while the price of soybean was Rs. The other laps were quiet. Meanwhile, in the coming weeks, the informants were showing possibility of palmetto prices in the Mumbai market between Rs.

The soybean all-India arrivals this afternoon were reported at around 1.5 million times. In Madhya Pradesh, such arrivals came to around 3,000 times, where prices stayed between Rs. The moisture content in the new malls was the onset. The groundnut arrivals this morning were reported at around 3,000 times on the Gondal side and Rajkot side at around 3,000 and the present prices were at Rs 5 to Rs 5 per kg and 5 to 5 in height.

Meanwhile, sunflower prices are currently under pressure in the world market. Supply has been high against demand. Ukraine's sunflower oil prices remained in the export market on a FOB basis for November and December, from $ 1 to $ 5. India's demand for sunflower in the world market is also low.